Assuming the use of the periodic inventory system, use the data below to calculate the net cost of purchases and the cost of goods available for sale for the year ended December 31, 2010.
Definitions:
Shah Jahan
The Mughal emperor of India from 1628 to 1658, best known for commissioning the Taj Mahal, a mausoleum for his wife Mumtaz Mahal.
Mumtaz Mahal
A Mughal Empress and the chief consort of Emperor Shah Jahan, remembered for the Taj Mahal, a mausoleum built in her memory.
Delhi Sultanate
A historical period of Muslim rule in the Indian subcontinent from the 13th to the 16th centuries.
Qutb al-Din Aybak
The founder of the Mamluk dynasty in India and the first Sultan of the Delhi Sultanate starting in 1206.
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